Technology Sector Update for 06/10/2021: MNDY,MVIS,FEYE,MTLS

Technology stocks added to their midday gains Thursday, with the SPDR Technology Select Sector ETF rising 0.7% in late trade while the Philadelphia Semiconductor Index was advancing 1.2% this afternoon.

In company news, (MNDY) was 12.8% higher late in trading, easing from an early 17% surge to $182 a share that followed the workplace management software firm pricing an initial public offering of 3.7 million shares at $155 each, topping the expected $125 to $140 range.

MicroVision (MVIS) was climbing 6.5% after the automotive lidar and micro-display technology company said it will join the Russell 2000 index, effective when the US market opens on June 28.

FireEye (FEYE) rose 6.1% after a new regulatory filing showed board member and Rally Ventures partner Arthur Coviello Jr bought 10,000 of the cybersecurity company's shares on Wednesday at $20.18 apiece through a revocable trust. He also directly owns another 28,922 shares.

On the losing side, Materialise (MTLS) shares slid 17.8% after the 3-D printer company priced a public offering of 4 million American depositary shares at $24 apiece, or 14.3% under Wednesday's closing price.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Technology Videos


    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More